Headlines
EFCC Warns Businesses Against Aiding Criminals, Urges Compliance with Money Laundering Act
EFCC Warns Businesses Against Aiding Criminals, Urges Compliance with Money Laundering Act
The Economic and Financial Crimes Commission (EFCC) has called on Designated Non-Financial Businesses and Professions (DNFBPs) to ensure full compliance with the Money Laundering Prohibition and Prevention Act of 2022.
This warning was issued during a sensitization programme organized by the EFCC’s Special Control Unit Against Money Laundering (SCUML).
EFCC’s Acting Director for Lagos, Michael Wetkaz, highlighted the global efforts to combat terrorism and warned businesses not to provide a safe haven for criminal elements. “The financial institutions have been regulated, and terrorism has become a global concern. Nations have tightened measures to ensure criminals have no space to operate,” Wetkaz said.
He urged DNFBPs, which include casinos, real estate agents, dealers in precious metals and stones, lawyers, and other professionals, to be vigilant and report any suspicious activities. “If you allow these criminal activities to pass through your businesses, it will worsen the insecurity situation in the country,” he cautioned.
Aminu Ahmed, an Assistant Commander of the EFCC, reminded operators to report currency transactions above N5 million for individuals and N10 million for corporate bodies. He emphasized the importance of appointing compliance officers and adhering to anti-money laundering regulations.
The training also covered topics such as beneficial ownership, financial sanctions, and reporting requirements for Politically Exposed Persons (PEPs), with ACE II officer Folasade Oluwasanya stressing the importance of awareness in curbing financial crimes.
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Crime
NAPTIP urges stiffer penalties for rape
Hajiya Binta Bello, Director-General of the National Agency for the Prohibition of Trafficking in Persons (NAPTIP), has called for stricter penalties for rape to serve as a deterrent.
Bello made this demand during the close-out event of the Violence Against Persons Prohibition (VAPP) Law implementation in Cross River on Monday, organised by Stand to End Rape.
Represented by Mr Jacob Oba, Head of Operations, NAPTIP, Cross River Command, Bello emphasised that rape was a heinous crime against humanity.
She advocated for collective efforts to eradicate it through timely reporting, assisting survivors, providing legal services, and awareness campaigns to reduce stigmatisation.
Bello appealed for a united front against rape, reaffirming NAPTIP’s commitment to combating VAPP Act violators, including human traffickers.
On her part, Dr Mercy Kwabe, Co-director of Stand to End Rape Initiative, acknowledged Nigeria’s progress in promoting equal rights through the VAPP Act.
However, she highlighted the need for better public understanding of the law, particularly in local languages.
Kwabe stressed the importance of amending the VAPP Act to incorporate harsher penalties for perpetrators, rather than repealing it.
Similarly, Ms Ann Awa, Chairperson of the International Federation of Women Lawyers (FIDA), Cross River Chapter, echoed the need for full implementation of the VAPP Act across states.
She suggested fine-tuning contentious sections rather than abolishing the law.
The News Agency of Nigeria (NAN) reports that in partnership with agencies like the National Orientation Agencies (NOA), Stand to End Rape Initiative conducted VAPP Act sensitisation in Ikot Awatim community, encouraging residents to report suspected cases.
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